Artificial Intelligence
Autonomous Bus Door System Market to Hit USD 288.0 Million by 2027; Owing to Increasing Adoption of ADAS Systems, Says Fortune Business Insights™
Pune, Oct. 23, 2020 (GLOBE NEWSWIRE) — The global autonomous bus door system market size is expected to showcase significant growth by reaching USD 288.0 million by 2027. This growth is attributable to the rising number of smart city projects and the increasing adoption of advanced driver assistance systems (ADAS) that favors the development of advanced autonomous bus door system globally. Fortune Business Insights, in its latest report, titled, “Autonomous Bus Door System Market Size, Share & COVID-19 Impact Analysis, By Bus Type (Shuttle Bus, Articulated Bus, City Bus, BRT Bus), By Door Type (Conventional, Folding, Sliding Plug, Inward Gliding), By Operation (Pneumatic, Electric), By Propulsion Type (Internal Combustion Engine, Electric), and Regional Forecast, 2020-2027.” observes that the market stood at USD 184.0 million in 2019 and is projected to exhibit a CAGR of 12.0% between 2020 and 2027.
Halted Transportation Services amid COVID-19 to Lead to Sluggish Market Growth
The novel coronavirus has led to unprecedented economic loss owing to halted industrial operations. The total halt in the transportation services has led to major disruptions in logistics and supply chain. Additionally, this is expected to negatively impact the adoption of autonomous bus door systems across the automotive industry. However, the increasing government support by framing supportive policy to allow the automotive sector to return to normalcy is expected to bode well for market growth in the near future.
The automotive industry is experiencing massive growth backed by the introduction of advanced connectivity and automation technology. In the past, the operation of bus doors was manual, however, with the advancement in technology, today’s autonomy has gained significance. The growing adoption of these bus door systems that are equipped with sensors is finding favor across several automobiles in the world.
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List of the Leading Companies Profiled in the Global Autonomous Bus Door System Market are:
- Vapor Bus International (Illinois, US)
- Ventura Systems CV (Bolsward, Netherlands)
- IVY MACHINERY (NANJING) CO., LTD. (Nanjing, China)
- Tesla (California, US)
- Caterpillar (Illinois, US)
- AB Volvo (Gothenburg, Sweden)
- Daimler AG (Stuttgart, Germany)
- Continental AG (Hanover, Germany)
- Robert Bosch GmbH (Stuttgart, Germany)
- Circle Bus Door Systems Co. Ltd (Nanjing, China)
- Transport Door Solutions (Essex, United Kingdom)
- Ebusco (Deurne, Netherlands)
What does the Report Include?
The market report includes a detailed assessment of various market drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides comprehensive research into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several research methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnerships, mergers and acquisitions, and collaborations adopted by the companies to maintain market stronghold between 2020 and 2027.
DRIVING FACTORS
Rising Smart City Projects to Augment Growth
Rapid-paced industrialization has paved the way for several development activities across the globe. In order to reduce traffic congestion and further enhance transportation services, governments across the globe are focusing on introducing advanced connected infrastructure technology. In addition to this, the development of smart city projects is expected to bode well for the adoption of autonomous bus door systems owing to the growing demand for electric vehicles. The manufacturers are further developing advanced driver assistance systems (ADAS) with the help of modern technologies such as artificial intelligence (AI) to assist drivers that will drive the global market during the forecast period.
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SEGMENTATION
BRT Bus Segment Held 34.9% Market Share in 2019
The BRT bus segment, based on the bus type, held a market share of about 34.9% in 2019 and is expected to experience significant growth owing to the growing demand for a safe and reliable mobility solution.
REGIONAL INSIGHTS
Stringent Emission Norms in Europe to Aid Growth
Among all the regions, Europe is expected to remain at the forefront and hold the highest position in the global autonomous bus door system market during the forecast period. This is attributable to the imposition of stringent emission norms that propels the demand for electric vehicles. The region stood at USD 10.0 million in 2019.
On the other hand, the market in Asia-Pacific is expected to hold the second position in the market. This is ascribable to factors such as the increasing cases of road accidents that are propelling the manufacturers to introduce safe and reliable automotive features such as the autonomous bus door system to promote better mobility solutions between 2020 and 2027.
COMPETITIVE LANDSCAPE
Major Companies Focus on Investment in R&D Activities to Develop Advanced Systems
The global autonomous bus door system market comprises major players that are focusing on investing in R&D activities to develop advanced autonomous bus door systems. These companies are further trying to maintain their market stronghold by adopting strategies such as merger and acquisition, partnership, and collaboration that will contribute to the growth of the market in the forthcoming years.
Industry Development:
July 2020 – Shuttle operator Keolis Downer launched the trial of its first driverless shuttle that hit the roads of Newcastle, Australia. The shuttle is equipped with sensors and 360-degree cameras that aid in avoiding collision with other cars and objects.
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/autonomous-bus-door-system-market-104003
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Merger, Acquisitions, and Partnerships
- Distributor Analysis – For Major Players
- Growth and Penetration Analysis
- Porter’s Five Forces Analysis
- PEST Analysis
- Vendor Landscape
- Global Autonomous Bus Door System Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Propulsion Type
- IC Engine
- Electric
- Market Analysis, Insights and Forecast – By Bus Type
- Shuttle Bus
- Articulated Bus
- City Bus
- BRT Bus
- Market Analysis, Insights and Forecast – By Door Type
- Conventional
- Folding
- Sliding Plug
- Others
- Market Analysis, Insights and Forecast – By Operation Type
- Pneumatic Operated
- Electric Operated
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia pacific
- Rest of the World
TOC Continued…!
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Autonomous Trucks Market Size, Share & COVID-19 Impact Analysis, By Level of Autonomy (Level 1, Level 2, Level 3, Level 4), By Sensor Type (Ultrasonic, Radar, Camera, LiDAR), By Propulsion (Diesel, Electric), By Truck Type (Light Duty Truck, Medium Duty Truck, Heavy Duty Truck), By ADAS Features (Adaptive Cruise Control, Lane Keep Assist, Automatic Emergency Braking, Blind Spot Detection, Intelligent Park Assist) and Regional Forecast, 2020-2027
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Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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Artificial Intelligence
TRON Forum collaborates with four major microcontroller manufacturers to hold TRON Programming Contest Using World-Standard Real-Time OS with 5 million JP YEN cash prize
TOKYO, March 29, 2024 /PRNewswire/ — TRON Forum (Chair: Ken Sakamura, Professor Emeritus of the University of Tokyo) is pleased to announce that four microcontroller manufacturers, Infineon Technologies Japan K.K. (President & CEO: Ikuya Kawasaki), STMicroelectronics K.K. (Country Manager for Japan: Koichiro Takakuwa), NXP Japan K.K. (President & CEO: Masayuki Wajima), and Renesas Electronics Corporation (President & CEO: Hidetoshi Shibata) have collaborated with the Forum to hold TRON Programming Contest from Monday, December 11, 2023 jointly. The initial registration is being accepted now.
This contest is for engineers and students in Japan and overseas to compete in various fields such as microcontroller applications, middleware, development environments, and tools using a member of TRON real-time OS (RTOS) family, “μT-Kernel 3.0” (*), which is a global standard of small-scale embedded computer systems.
(*) μT-Kernel 3.0 is an RTOS that fully complies with the real-time OS standard “IEEE 2050-2018” (IEEE Standard for a Real-Time Operating System (RTOS) for Small-Scale Embedded Systems) and runs on microcontrollers from various manufacturers.
Using the latest microcomputer boards provided by the manufacturers, contestants will compete in technologies that bring out the characteristics of RTOSs such as real-time performance, power saving, and small memory footprint, as well as development environments and tools that utilize new technologies.
The details of the contest with the total amount of cash prize, five million Japanese yen are at the following URL: https://www.tron.org/programming_contest/
About TRON Forum
TRON Forum was established in 2002 to promote TRON Project. We have been actively conducting activities centered on the T-Engine project, which prepares the development environment for embedded systems, and the operation of Ubiquitous ID Centers such as ucode.
In May 2015, Chair Sakamura received the ITU 150th Anniversary Award together with Bill Gates and others for his advocacy of open architecture TRON, which is the origin of ubiquitous networking and the IoT.
One member of the TRON RTOS family has been adopted as an international standard for real-time operating systems (RTOS) for small-scale embedded systems as 2050-2018 by Institute of Electrical and Electronics Engineers (IEEE), the world’s largest association of its kind and an international standardization organization. In 2023, the project leader, Chair Sakamura, received the IEEE Masaru Ibuka Consumer Technology Award from the IEEE in honor of the late Mr. Ibuka. In addition, the TRON RTOS family received the IEEE Milestone recognition in 2023.
URL: https://www.tron.org
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Artificial Intelligence
XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform
CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.
XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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Artificial Intelligence
ICIS and Base Oil News Announce Partnership to Enhance Market Insights
LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.
With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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